Aegon UK Up for Sale: Lloyds Banking Group Leads Bidding War with Phoenix and Canada Life
ByAinvest
Wednesday, Mar 4, 2026 5:30 pm ET1min read
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Lloyds Banking Group is in pole position to acquire Aegon UK after the first round of bidding. Phoenix and Canada Life have also made initial offers for the business, which is valued between £1bn and £1.5bn. Aegon is set to leave its Dutch headquarters and head to the US as it mulls the sale of its UK arm.
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